APWine LBP Tutorial
During this event, 3,500,000 APW will be distributed through a Balancer Liquidity Bootstrapping Pool (LBP), or 7% of the total supply.
The weight ratio will start at 90 / 10 and will gradually adjust to 40 / 60 at the end of the event. 800,000 USDC have been injected into the pool, which makes for a starting price of around $2.057 / APW. There is a 1% swap fee to discourage bots from taking advantage of the pool, ensuring fair pricing for the community.
The process for swapping APW token on Balancer LBP is straightforward and consists of four simple steps:
1. Open APWine’s LBP Page
We’ve set up an informational page containing all information you need to get started with the LBP. The website is accessible on lbp.apwine.fi.
The LBP Page features a price chart of the APW token depending on current and future demand.
There is also a “Poke Weights” button which we recommend using right before swapping any substantial amount — this ensures you get the best, most up-to-date price.
2. Connect to Balancer’s interface
The “Buy $APW” link lets you enter the LBP on Balancer. This is where you’ll be able to swap USDC for APW directly.
You will need to connect an Ethereum wallet to continue. Balancer currently supports MetaMask, WalletConnect, Fortmatic, Torus, Portis, and Coinbase. We’ll be using MetaMask in this guide. To download MetaMask, visit the official website.
Once your wallet is set up and connected, you’re ready to swap. Make sure you have enough ETH in your wallet to cover transaction fees.
Although you can swap any supported token for APW (Balancer will automatically do the routing for you), we recommend getting some USDC in your wallet first. This will prevent any unexpected behavior while swapping for APW.
3. Increase Slippage
Due to how LBPs work, there might be times where the price can be volatile and transactions may not go through. To prevent this, you can set a higher slippage on Balancer’s interface, through the Settings menu. Note that if you set the slippage too high, bots and miners may take advantage of it (you can learn more about it by checking about MEV).
4. Swap USDC for APW
If you’ve never used Balancer before, you’ll need to approve your USDC tokens before swapping. Enter an amount of USDC you want to swap, press Unlock and submit the transaction. You will then be able to Swap your tokens.
Please keep gas prices in mind and always have enough ETH to complete transactions. When your transaction succeeds, it will show up with a “Success” status. If your swap went through correctly, you will now be able to add APW to your wallet and check your token balance.
🍷 APW Token Address:
⚠️ Do not buy any other APW tokens, there are many fake listings and scams. Always double-check the address and please reach out to the team on our channels if you need help.
As always, with cryptocurrency projects, please do your own research before buying any asset. The APWine Tokenomics are available here.
Our Legal Disclaimer is available on https://lbp.apwine.fi/APWine_Legal_Disclaimer.pdf. Please carefully review its content and the risk associated with participating in the APWine LBP.